Apr
21
Yahoo Posts 78% Plunge in Profit, Announces 5% Cut in Work Force
Posted in: Uncategorized
NEW YORK (AdAge.com) — As expected, display-advertising-dependent Yahoo had a tough first quarter — its profit dropped 78% to $118 million, or 8 cents a share, from $539 million, or 37 cents a share in the same period a year earlier. Overall revenue was down 13% to $1.58 billion and marketing-services revenue down 12%.
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